Call reports 2020
CORNERSTONE BANK — 2020
What CORNERSTONE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,010,457,000 | 1,091,724,000 | 1,095,372,000 | 1,102,739,000 |
| Total loans | 690,794,000 | 804,091,000 | 806,202,000 | 801,524,000 |
| Allowance for loan losses | 9,759,000 | 12,735,000 | 12,800,000 | 13,262,000 |
| Securities available for sale | 174,905,000 | 171,236,000 | 157,954,000 | 162,797,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 912,868,000 | 988,551,000 | 989,628,000 | 999,223,000 |
| Interest-bearing deposits | 693,887,000 | 736,122,000 | 766,529,000 | 765,581,000 |
| Noninterest-bearing deposits | 218,981,000 | 252,430,000 | 223,099,000 | 233,642,000 |
| Equity capital | 86,044,000 | 89,534,000 | 90,366,000 | 92,318,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 9,677,000 | 21,956,000 | 31,074,000 | 40,169,000 |
| Interest expense | 1,444,000 | 2,771,000 | 4,015,000 | 5,038,000 |
| Net interest income | 8,233,000 | 19,185,000 | 27,059,000 | 35,131,000 |
| Noninterest income | 6,174,000 | 8,724,000 | 9,920,000 | 9,545,000 |
| Noninterest expense | 11,291,000 | 19,403,000 | 26,005,000 | 30,470,000 |
| Provision for loan losses | 290,000 | 3,244,000 | 3,534,000 | 4,424,000 |
| Pretax income | 3,006,000 | 5,453,000 | 7,660,000 | 10,002,000 |
| Income tax | 44,000 | 44,000 | 44,000 | 44,000 |
| Net income | 2,962,000 | 5,409,000 | 7,616,000 | 9,958,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 85,522,000 | 84,471,000 | 85,220,000 | 87,511,000 |
| Total capital | 95,174,000 | 94,550,000 | 95,401,000 | 97,955,000 |
| Risk-weighted assets | 772,024,000 | 803,639,000 | 811,848,000 | 832,722,000 |